Unitrin Reports Net Loss of $3.7M in 4th Quarter

Unitrin, Inc. (NYSE:UTR) reported today a total net loss of $3.7 million ($0.05 per common share) for the three months ended December 31, 2002, compared to total net loss of $12.1 million ($0.18 per common share) for the same period in 2001. Improved results from operations for the fourth quarter of 2002 were partially offset by lower income from investees. Unitrin's Multi Lines Insurance segment recorded a pre-tax operating loss of $27.4 million in the fourth quarter of 2002, primarily due to adverse reserve development in its commercial lines book of business. The Company is in the process...